I never understood this any way but I recently came across a scammer that mentioned when they dump a card (steal the information from someone else’s debit card and put it onto a created debit card) and go to a store and the cashier asks them to do a chip that they’ll intentionally make it decline twice so they’ll have to swipe. That happens to me often with certain cards when I’m in stores. My question is, what is the difference in this context? Like how are they so different that swiping works better than the chip? I’ve seen this a lot also where chips don’t work for a lot of people. But what is the real difference (especially in this context)? Thanks.
In: Technology
The chip is harder to fake. The magnetic strip is pretty trivial to duplicate. Stores can be required to only accept the swipe if something is malfunctioning which is why they will try to use the chip 2x before they can accept the swipe.
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